PM Carney Says Canada, Philippines Conclude Free-Trade Talks, Target Deal by 2027
The agreement would lower trade barriers and is backed by implementing legislation in Parliament, with Ottawa aiming to triple trade to $10 billion by 2035.
- On Saturday, Prime Minister Mark Carney announced Canada concluded negotiations for a free trade agreement with the Philippines during the Association of Southeast Asian Nations summit in Manila. The deal marks the fourth such agreement Carney has secured while in office.
- Carney's push for the agreement reflects his strategy to reduce economic dependence on the United States by diversifying trade. The initiative aims to build a network of reliable global partners creating more opportunities for Canadian businesses and exporters.
- The agreement could triple trade between the two nations to more than $10 billion annually by 2035, according to government projections. Kyle Larkin, CEO of the Canadian Meat Council, called the conclusion an 'encouraging development for Canada's pork industry.'
- Canada's diplomatic mission in Manila has grown to about 300 positions, reflecting the Philippines' central role in Canada's Indo-Pacific strategy. The agreement is expected to be formally signed next year, capping a significant expansion of bilateral ties.
- Canada is also pursuing a broader trade agreement with the ASEAN bloc, which includes the Philippines and 10 other countries. Lieutenant-General Derek Macaulay, Canada's first senior military representative for the Indo-Pacific, continues building regional security relationships to ensure Canadian Armed Forces activities align with Canada's priorities.
33 Articles
33 Articles
Canada, Philippines conclude negotiations for free-trade agreement, aiming for 2027
MANILA — Prime Minister Mark Carney and his Philippine counterpart have concluded talks for a free-trade agreement, which is expected to be formally signed next year. "A ship that stays in the harbour is safe, but that's not what a ship is for.
PH-Canada to sign free trade deal in 2027
MANILA, Philippines — President Ferdinand Marcos Jr. and Canadian Prime Minister Mark Carney signed a joint statement committing to a free trade agreement (FTA) in 2027 during their bilateral meeting in Manila on Saturday.The agreement aims to establish a clear framework for deeper economic integration, market access, and mutual investment.The milestone was formalized through a joint statement signed by Philippine Department of Trade and Indust…
Rocky Mountain Outlook
CP Canada, Philippines conclude negotiations for free-trade agreement
MANILA — Canada and the Philippines have concluded talks for a free-trade agreement, which is expected to be formally signed next year. Prime Minister Mark Carney is meeting with Philippine President Ferdinand Marcos Jr.
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